six
@six
i am excited by zora's creator coin update. imo most "socialfi" attempts to-date have failed because traditional social tokens lack any underlying economics; they are closer to memecoins and just move up and down reflexively, most of the time burj khalifa-ing after the meta shifts on to something new. zora's update shifts social tokens one step closer to investing in a creator business instead of investing in a creator memecoin, with the first revenues being fees generated from the content coins paired in the creator token. mechanism-wise this feels like the end state to me, the hard part now (always has been etc.) is growing adoption of the coining behavior - for the above to be true, creators still need to actually coin stuff and traders/investors still need to actually buy content coins. gg to the team.
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Garrett
@garrett
what’s the thinking behind buying a content coin if you want to support a creator? why buy the content coin instead of the creator coin?
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six
@six
i'd buy a content coin over the creator coin if i thought the content coin would give me a greater investment return i would not buy any of these assets to "support the creator" probably, am a trader/investor, not a patron. if i wanted to be a patron i'd send them money directly, commission work, collect an nft etc.
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0xmons ✝️
@xmon.eth
i agree, but then why do u think zora keeps pushing these are pro-creator, or even calling them creator coins "if you trade, creators earn 1%" yeah but also if you just send them ur money they get 100% why not set a 5% trade fee or a 10% fee instead? > this one easy trick can 10x ur creator fees, the protocol changes zora doesn't want you to know about
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six
@six
i think the audience for that messaging is creators, for whom the value prop is earning fees. i'd disagree with any messaging that is geared towards "traders who want to support creators" (iirc this was base's messaging, which i disagreed with, and does not make much sense. i don't recall zora messaging this way)
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